German fund-of-funds manager CAM Private Equity has established a joint venture with a US fund-of-funds as it looks to increase its global investment capability.
It has teamed up with Fairview Capital Partners, of Farmington, Connecticut in the US. The vehicle, called of CAM-Fairview Private Equity Partners LP, has been set-up to improve access to funds in the US and Europe.
JoAnn Price, managing partner and co-founder of Fairview, said: “The joint venture is a recognition of the strides Fairview has made within the US in establishing relationships with some of the most successful private equity and venture capital firms”, says JoAnn Price, managing partner and co-founder of Fairview. “The joint venture is an important part of our strategy in expanding our activities to new and attractive, upcoming markets.”
Just a few weeks later CAM, which is based in Cologne, revealed it had struck up a strategic partnership with German investment bank Sal. Oppenheim. Sal. Oppenheim was already a shareholder in CAM, but has now increased its stake to become a majority shareholder.
“By strengthening our alternative assets capabilities, Sal. Oppenheim intends to become a premier provider of alternative investment products. In this context CAM will become the leading company for private equity fund investments within the Oppenheim group and will significantly expand private equity activities on both the national and international level”, explains Friedrich Carl Janssen, general partner of the bank.